Tuesday, 02 February 2010 06:36
The world is experiencing a statistical economic recovery, but a human recession. That is how United States President Barack Obama’s economic adviser Larry Summers, at the World Economic Forum in Davos, Switzerland, aptly described the global economic scene in the face of tentative signs of its emerging from the worst recession in more than 70 years. There were plenty commitments but few concrete plans on the table at the end of the four-day summit, with probably the only clear result that the world is heading for stronger regulation of the financial industry aimed at averting a next crisis and saving powerful politicians’ bacon.















